2021-01-28T12:56:18-06:00 2020-06-30 251622758 MAHER DUESSEL CPA'S 1800 LINGLESTOWN ROAD SUITE 306 HARRISBURG PA 17110 990 2019-07-01 231352692 WILSON COLLEGE WILS 7172622544 1015 PHILADELPHIA AVENUE CHAMBERSBURG PA 17201 BRIAN ECKER VP FINANCE & ADMINISTRATION 7172622544 2021-01-28 1 P00168809 7172321230 2019 2022-09-23 18:48:47Z WESLEY FUGATE 1015 PHILADELPHIA AVENUE CHAMBERSBURG PA 17201 85527018 0 X WWW.WILSON.EDU X 1869 PA WILSON COLLEGE EMPOWERS STUDENTS THROUGH AN ENGAGED, COLLABORATIVE, LIBERAL ARTS EDUCATION THAT COMBINES THE SKILLS AND FOCUSED STUDY NEEDED FOR SUCCESS IN WORK AND LIFE. WE ARE A CLOSE, SUPPORTIVE COMMUNITY THAT DEVELOPS THE MIND AND CHARACTER OF ALL STUDENTS, PREPARING THEM TO MEET THE CHALLENGES OF A GLOBAL SOCIETY. 17 17 785 584 158821 0 6045303 6687826 25542207 26589870 2363380 7205650 1417067 576987 35367957 41060333 7928982 8443520 0 0 12557711 12578739 0 0 854226 14839202 14410461 35325895 35432720 42062 5627613 117637982 116652606 38012248 36676970 79625734 79975636 X WILSON COLLEGE EMPOWERS STUDENTS THROUGH AN ENGAGED, COLLABORATIVE, LIBERAL ARTS EDUCATION THAT COMBINES THE SKILLS AND FOCUSED STUDY NEEDED FOR SUCCESS IN WORK AND LIFE. WE ARE A CLOSE, SUPPORTIVE COMMUNITY THAT DEVELOPS THE MIND AND CHARACTER OF ALL STUDENTS, PREPARING THEM TO MEET THE CHALLENGES OF A GLOBAL SOCIETY. 0 0 24762192 8443520 26589620 WILSON UNDERSTANDS THAT SUSTAINABLE SOLUTIONS TO COMPLEX PROBLEMS WILL REQUIRE INNOVATION AND GLOBAL SAVVY - TALENTS DEVELOPED MOST FULLY THROUGH A RIGOROUS, PERSONALIZED EDUCATION IN THE LIBERAL ARTS AND A POWERFUL LEARNING/LIVING ENVIRONMENT FOR STUDENTS OF DIVERSE BACKGROUNDS. THIS IS WILSON'S COMMITMENT TO ITS STUDENTS.THE TRADITIONAL UNDERGRADUATE COLLEGE OFFERS BACCALAUREATE DEGREE PROGRAMS AND RESIDENTIAL HOUSING. THE ADULT DEGREE PROGRAM OFFERS BACCALAUREATE AND ASSOCIATE DEGREE PROGRAMS, THE TEACHER INTERN PROGRAM, AND OTHER COURSES FOR MEN AND WOMEN. WILSON OFFERS THE "SINGLE PARENT SCHOLAR" PROGRAM. THIS PROGRAM PROVIDES CAMPUS HOUSING YEAR-ROUND TO SINGLE PARENT SCHOLARS AND THEIR CHILDREN SO THAT THE PARENT CAN PURSUE A BACHELOR'S DEGREE FULL TIME. WILSON OFFERS MASTER'S DEGREE PROGRAMS IN EDUCATION, FINE ARTS, HEALTHCARE ADMINISTRATION, HUMANITIES, SPECIAL EDUCATION, MASS CUSTOMIZED LEARNING, TEACHING ENGLISH AS A SECONDARY LANGUAGE, EDUCATION TECHNOLOGY, AND NURSING. GRADUATE LEVEL CURRICULA ARE DELIVERED AS EITHER NON-RESIDENTIAL, LOW RESIDENCY, OR ONLINE PROGRAMS. 24762192 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 X 2752 0 1 785 1 1 1 1 CJ BD VI 0 0 0 0 0 0 0 0 0 0 X 17 17 0 1 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 PA X BRIAN ECKER VP FINANCE & ADMINISTRATION 7172622544 1015 PHILADELPHIA AVENUE CHAMBERSBURG PA 17201 X BARBARA L TENNEY CHAIR 1.00 X X 0 0 0 LISBETH S LUKA SECRETARY 1.00 X X 0 0 0 MARY JO MAYDEW TREASURER 1.00 X X 0 0 0 WILLIAM P KIEHL TRUSTEE 1.00 X 0 0 0 LINDA E KRACH TRUSTEE 1.00 X 0 0 0 MAXINE L GINDLESPERGER TRUSTEE 1.00 X 0 0 0 HILLARIE FLOOD TRUSTEE 1.00 X 0 0 0 MARGARET H DUPREY TRUSTEE 1.00 X 0 0 0 JUDY YOUNG TRUSTEE 1.00 X 0 0 0 JUDITH C GROVE TRUSTEE 1.00 X 0 0 0 LYNNE E DISTASIO TRUSTEE 1.00 X 0 0 0 ROBIN J BERNSTEIN ESQ TRUSTEE 1.00 X 0 0 0 JENNIFER N BANZHOF TRUSTEE 1.00 X 0 0 0 PATRICIA C SHEA ESQ TRUSTEE 1.00 X 0 0 0 PATRICIA A MAISANO TRUSTEE AS OF MAY 2020 1.00 X 0 0 0 BENJAMIN M GREENFELD TRUSTEE AS OF MAY 2020 1.00 X 0 0 0 NANCY D WASHINGTON TRUSTEE- UNTIL MAY 2020 1.00 X 0 0 0 ROBERT M BAKER TRUSTEE-UNTIL JANUARY 2020 1.00 X 0 0 0 PHOEBE H STEVENSON TRUSTEE-UNTIL MAY 2020 1.00 X 0 0 0 JAMES A ORSINI DVM VICE CHAIR 1.00 X X 0 0 0 WESLEY R FUGATE PRESIDENT JANUARY 2020-PRESENT 40.00 X 0 0 0 BRIAN ECKER VP FINANCE & ADMIN 40.00 X 137000 0 20999 ELISSA HEIL VP ACADEMIC AFFAIRS 40.00 X 140480 0 21230 MARY BETH WILLIAMS VP FOR STUDENT DEVELOPMENT 40.00 X 100480 0 18670 CAMILLA RAWLEIGH VP INSTITUTIONAL ADVANCEME 40.00 X 138500 0 10653 CASSANDRA LATIMER VP MARKETING AND COMMUNICATION 40.00 X 108480 0 9869 BARBARA MISTICK PRESIDENT UNTIL AUGUST 2019 40.00 X 241129 0 45883 JOSE DIEUDONNE VP TECHNOLOGY SERVICES UNTIL MARCH 2020 40.00 X 107020 0 8225 973089 0 135529 7 1 1 0 LOBAR ASSOCIATES 2 BARLO CIRCLE DILLSBURG PA 17019 CONSTRUCTION LABOR 1497969 SAGE DINING SERVICES INC 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21093 FOOD SERVICE 1341995 NATIONAL MANAGEMENT RESOURCES CORPORATIO PO BOX 1224 LAGRANGE GA 30241 MAINTENANCE CONTRACTOR 1334437 RS MOWERY & SONS INC 1000 BENT CREEK BOULEVARD MECHANICSBURG PA 17050 CONSTRUCTION LABOR 662348 EDUSPIRE PO BOX 2012 SOUTHEASTERN PA 19399 EDUCATIONAL SERVICES 542380 13 3628533 3059293 299768 6687826 TUITION AND FEES 611710 23180479 23180479 ROOM AND BOARD 611710 3270471 3270471 BOOKSTORE 611710 70859 70859 STABLE OPERATIONS 611710 40400 40150 250 CAFE 611710 27661 27661 26589870 1533253 1533253 27795 11769 16026 16026 16026 50127313 44454916 5672397 5672397 5672397 CHILD CARE 624410 131933 131933 CONFERENCES 900099 49006 26638 22368 FEES AND FINES 900099 27957 27957 352065 352065 560961 41060333 26589620 158821 7624066 8092177 8092177 351343 351343 357320 254342 86532 16446 10035814 7288190 2288931 458693 428248 294974 105759 27515 972047 575221 358692 38134 785310 545248 205504 34558 2633653 1108059 1517554 8040 25682 25682 62326 62326 210188 210188 1051345 233680 768890 48775 346446 93680 252766 933817 545247 305489 83081 565306 21430 543876 761693 535434 207788 18471 457288 366436 69170 21682 197584 117940 66421 13223 2091902 1470509 570665 50728 3140131 1836652 1303479 367166 258100 100162 8904 MAINTENANCE/PLANT FACIL 640941 450551 174847 15543 BAD DEBT EXPENSE 178567 2285 176282 SELF-STUDY 52403 13053 39350 BANK SERVICE CHARGES 24377 24377 669646 307641 351572 10433 35432720 24762192 9816302 854226 3802 12499188 11431061 483666 739789 712997 525054 1609866 1431435 94345 99473 698780 749861 87094764 41392046 46497278 45702718 31193450 41979893 12587678 2999002 135000 135000 11121932 10859320 117637982 116652606 2250767 1052854 678938 690997 33895263 33705084 1187280 1228035 38012248 36676970 X 30798311 34311916 48827423 45663720 79625734 79975636 117637982 116652606 X 5627613 -5014426 -263285 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 48650 X X X 0 44215762 917764 1445552 1308016 1878032 43393030 46838106 2393432 1671607 1239449 5447934 44215762 45297837 6062786 2245456 1406116 5361857 46838106 47351535 1501560 3851425 1358786 6047897 45297837 56020994 1320610 -2375278 1185718 6429073 47351535 0.25010 0.74990 1 0 575546 575546 75258790 32407555 42851235 10996364 8984491 2011873 264064 264064 45702718 ASSETS HELD IN TRUST UNDER SPLIT INTEREST AGREEMENTS 10859320 10859320 FUNDS HELD IN CUSTODY FOR OTHERS 380863 CAPITAL LEASE OBLIGATIONS 290712 ADVANCES FROM US GOVERNMENT FOR STUDENT LOANS 556460 1228035 X 27140692 -5014426 -8916984 -13931410 41072102 -11769 -11769 41060333 26790789 11769 11769 26779020 210188 8443512 8653700 35432720 PART X, LINE 2: THE COLLEGE IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE COLLEGE ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN FISCAL 2020 AND 2019. THE COLLEGE'S POLICY IS TO RECOGNIZE INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUSTS -263,285. STUDENT FINANCIAL AID (NETTED AGAINST TUITION ON FINANCIAL STATEMENTS) -8,443,511. INVESTMENT FEES (NETTED AGAINST REVENUE ON FINANCIAL STATEMENTS) -210,188. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -11,769. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 11,769. PART XII, LINE 4B - OTHER ADJUSTMENTS: STUDENT FINANCIAL AID (NETTED AGAINST TUITION ON FINANCIAL STATEMENTS) 8,443,512. PART III, LINE 4: THE HANKEY CENTER SERVES AS COLLEGE ARCHIVES, WHICH INLCUDES THE C ELIZABETH BOYD ('33) ARCHIVES AND THE BARRON BLEWETT HUNNICUTT CLASSICS GALLERY. THE HANKEY CENTER IS NAMED IN HONOR OF JOAN HANKEY ('59), THE DONOR THAT HAS MADE IT POSSIBLE FOR WILSON TO KEEP ALIVE THE HISTORY OF WOMEN AT WILSON AND TO FURTHER THE ADVANCEMENT AND EDUCATION OF WOMEN AND GIRLS GLOBALLY. PART V, LINE 4: INCOME FROM ENDOWMENT FUNDS ARE TO PROVIDE SCHOLARSHIPS, SUPPORT FACULTY/STAFF DEVELOPMENT, AND TO SUPPORT OPERATIONS OF THE COLLEGE. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ORGANIZATION'S NONDISCRIMINATION POLICY IS IN ALL OF ITS PUBLICATIONS, INCLUDING THE SCHOOL'S CATALOG AND COURSE ROSTER. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES VARIOUS FEDERAL GRANTS DIRECTLY FROM THE U.S. DEPARTMENT OF EDUCATION. THESE GRANTS INCLUDE SUPPLEMENTAL EDUCATION OPPORTUNITY GRANTS, COLLEGE WORK-STUDY FUNDING, AND PELL GRANTS. THE COLLEGE ALSO RECEIVES GRANTS FROM THE COMMONWEALTH OF PENNSYLVANIA, THE MOST SIGNIFICANT OF WHICH IS THE INSTITUTIONAL ASSISTANCE GRANT. 0 0 0 0 0 0 0 0 0 0 SCHOLARSHIP/TUITION REMISSION SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 2 18000 OTHER - APPLIED AGAINST TUITION N/A SCHOLARSHIP/TUITION REMISSION RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 2 65484 OTHER - APPLIED AGAINST TUITION N/A SCHOLARSHIP/TUITION REMISSION EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 6 76250 OTHER - APPLIED AGAINST TUITION N/A SCHOLARSHIP/TUITION REMISSION EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 5 89450 OTHER - APPLIED AGAINST TUITION N/A SCHOLARSHIP/TUITION REMISSION SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 2 27248 OTHER - APPLIED AGAINST TUITION N/A SCHOLARSHIP/TUITION REMISSION SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 4 56911 OTHER - APPLIED AGAINST TUITION N/A SCHOLARSHIP/TUITION REMISSION CENTRAL AMERICA AND THE CARIBBEAN 1 6000 OTHER - APPLIED AGAINST TUITION N/A SCHOLARSHIP/TUITION REMISSION NORTH AMERICA 1 12000 OTHER - APPLIED AGAINST TUITION N/A 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 STUDENT WORK-STUDY 68 250442 N/A N/A TUITION EXCHANGE AND REMISSION STUDENTS ENROLLED 67 449681 N/A N/A INSTITUTIONAL SCHOLARSHIPS AND GRANTS 646 6586580 N/A N/A ENDOWED SCHOLARSHIPS 273 805474 N/A N/A N/A PART I, LINE 2: SCHOLARSHIP FUNDS ARE AWARDED TO STUDENTS WHO MEET THE FINANCIAL REQUIREMENTS AS DEMONSTRATED BY THE RESULTS FROM FEDERAL FREE APPLICATION FOR FEDERAL STUDENT AID. ENDOWED SCHOLARSHIP RECIPIENTS ALSO MEET THE SPECIFIC CRITERIA AS IDENTIFIED BY THE DONORS. INSTITUTIONAL FINANCIAL AID IS ALSO AWARDED TO STUDENTS WHO MEET SPECIFIC MERIT OR AFFILIATION CRITERIA. RECIPIENTS OT TUITION REMISSION AND EXCHANGE PROGRAMS FOR WILSON COLLEGE EMPLOYEES ARE VERIFIED FIRST BY THE DIRECTOR OF HUMAN RESOURCES. RECIPIENTS OF TUITION EXCHANGE PROGRAMS FROM OTHER COLLEGES AND UNIVERSITIES ARE VERIFIED FIRST BY THE FINANCIAL AID DEPARTMENT. X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 BRIAN ECKER VP FINANCE & ADMIN 137000 0 0 0 0 0 10275 0 10724 0 157999 0 0 0 ELISSA HEIL VP ACADEMIC AFFAIRS 140000 0 0 0 480 0 10500 0 10730 0 161710 0 0 0 BARBARA MISTICK PRESIDENT UNTIL AUGUST 2019 222629 0 0 0 18500 0 18085 0 27798 0 287012 0 0 0 JOSE DIEUDONNE VP TECHNOLOGY SERVICES UNTIL MARCH 2 104040 0 0 0 2980 0 7991 0 234 0 115245 0 0 0 PART I, LINE 1A WESLEY FUGATE, PRESIDENT, HAS ON CAMPUS HOUSING AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE EMPLOYER, THE PRESIDENT IS REQUIRED TO LIVE ON CAMPUS HOUSING. THEREFORE, NONE OF THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION. ADDITIONALLY, THE COLLEGE HOUSING IS USED FOR FUNDRAISING AND CAMPUS RELATED EVENTS. THE COLLEGE PAYS COUNTRY CLUB DUES AS WELL AS MEMBERSHIPS IN PROFESSIONAL ASSOCIATIONS FOR THE PRESIDENT. BECAUSE THESE DUES ARE RELATED TO FUNDRAISING EFFORTS, THEY WERE NOT TREATED AS TAXABLE COMPENSATION. A MUNICIPAL AUTHORITY BOROUGH OF CHAMBERSBURG 251742939 157881AE3 2018-10-31 35210000 CONSTRUCTION OF SCIENCE CENTER BUILDING 0 0 0 A 35210000 938346 31237209 2934600 2009 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 0 A 0 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MUNICIPAL AUTHORITY BOROUGH OF CHAMBERSBURG DATE THE REBATE COMPUTATION WAS PERFORMED: 11/28/2012 X 1 4500 FAIR MARKET VALUE X 1282 FAIR MARKET VALUE X 22 281177 FAIR MARKET VALUE X 13 638 FAIR MARKET VALUE X SERVICES/MATERIALS 9 6922 FAIR MARKET VALUE X HORSES 1 4999 FAIR MARKET VALUE X GIFT CERTIFICATES/GIVEAWAYS 2 250 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: THE COLLEGE USES HANOVER CAPITAL MANAGEMENT TO SELL STOCK THAT IS RECEIVED AS A CONTRIBUTION. FORM 990, PART VI, SECTION A, LINE 3 THE COLLEGE OUTSOURCED ITS PHYSICAL PLANT, FOOD SERVICES, CAMPUS SAFETY, AND CONFERENCES. FORM 990, PART VI, SECTION A, LINE 4 THE MEMBERSHIP MAKE-UP OF THE BOARD OF TRUSTEES WAS CHANGED FROM A MINIMUM OF 21 AND A MAXIMUM OF 33 TO A MINIMUM OF 15 AND A MAXIMUM OF 25. THE STANDING TRUSTEE COMMITTEES WERE CHANGED TO STUDENT EXPERIENCE, RESOURCES, INVESTMENT, EXTERNAL RELATIONS, EXECUTIVE AND AUDIT. THE BOARD OFFICER OF TREASURER WAS ELIMINATED AND THE DUTIES ARE TRANSFERRED TO THE COLLEGE'S CHIEF FINANCIAL OFFICER (CORPORATE TREASURER). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED FIRST BY THE PRESIDENT AND CABINET (MANAGEMENT REVIEW). PURSUANT TO THE BOARD'S DELEGATION OF AUTHORITY, THE FORM 990 WAS SUBMITTED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL. FOLLOWING THE AUDIT COMMITTEE'S REVIEW AND APPROVAL, THE FORM 990 WAS PROVIDED TO EACH TRUSTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE WILSON COLLEGE CONFLICT OF INTEREST POLICY PROTECTS THE INTERESTS OF THE COLLEGE IN CONNECTION WITH ANY TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTERESTS OF ANY COVERED PERSON. A "COVERED PERSON" INCLUDES EACH OF THE COLLEGES TRUSTEES, OFFICERS, MEMBERS OF ANY COMMITTEE OF THE COLLEGE'S BOARD OF TRUSTEES WITH AUTHORITY TO ACT ON BEHALF OF THE TRUSTEES, AND THE COLLEGE'S EXECUTIVE EMPLOYEES AND ANY OTHER MANAGER OR SUPERVISOR IDENTIFIED BY THE BOARD OF TRUSTEES OR THE PRESIDENT AS EXERCISING SUBSTANTIAL INFLUENCE OVER THE OPERATIONS OF THE COLLEGE. EACH COVERED PERSON IS REQUIRED TO SIGN A STATEMENT THAT AFFIRMS THAT THEY READ, UNDERSTAND, AND AGREE TO COMPLY WITH THE POLICY. THEY ARE ALSO REQUIRED TO SUBMIT, ON AN ANNUAL BASIS, A QUESTIONNAIRE DISCLOSING THEIR ACTUAL AND POTENTIAL CONFLICTS OF INTEREST. POTENTIAL CONFLICTS OF INTEREST IDENTIFIED THROUGH THE REVIEW OF THE QUESTIONNAIRE BY THE SECRETARY AND VICE PRESIDENT OF FINANCE AND ADMINISTRATION, OR OTHER POTENTIAL CONFLICTS OF INTEREST ARISING DURING CONSIDERATION OF A TRANSACTION OR ARRANGEMENT ARE REPORTED TO THE BOARD'S AUDIT COMMITTEE. THE AUDIT COMMITTEE WILL EVALUATE THE DISCLOSURES AND THE MATERIAL FACTS AND DETERMINE WHETHER THERE IS A CONFLICT OF INTEREST. THE AUDIT COMMITTEE MAY REFER THE MATTER TO THE BOARD FOR SUCH A DETERMINATION. IF IT IS DETERMINED THAT NO CONFLICT OF INTEREST EXISTS, THE COVERED PERSON MAY PARTICIPATE FULLY IN THE DISCUSSION OF AND VOTE ON THE PROPOSED TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 A SEPARATE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS CURRENT SALARY, EVALUATION RESULTS FOR THE PRESIDENT, AND DATA FROM THE FOLLOWING SOURCES: SALARIES OF PEER AND ASPIRANT COLLEGES; FORMS 990 FROM OTHER INSTITUTIONS; GUIDESTAR INFORMATION; AND RELEVANT SALARY SURVEYS, INCLUDING BUT NOT LIMITED TO, THE ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES OF PENNSYLVANIA (AICUP) AND THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION (CUPA), TO ENSURE THAT COMPENSATION DOES NOT EXCEED FAIR MARKET VALUE. THE RECOMMENDATION OF THE COMPENSATION COMMITTEE (IN EXECUTIVE SESSION) AND THE ENTIRE BOARD VOTES ON THE COMPENSATION RECOMMENDATION. THIS IS DOCUMENTED VIA COMMITTEE MINUTES. COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES IS BASED ON MARKET SURVEY INFORMATION AND AUTHORIZED/APPROVED BY THE PRESIDENT. THE COMPENSATION IS ULTIMATELY APPROVED BY THE BOARD OF TRUSTEES AS PART OF THE ANNUAL BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS IN THE FORM OF THE 990 AND 990-T ARE AVAILABLE UPON REQUEST. PART VII, INTERIM COLLEGE PRESIDENT A. RICHARD KNEEDLER, AS A MEMBER OF THE REGISTRY FOR COLLEGE AND UNIVERSITY PRESIDENTS, SERVED AS INTERIM PRESIDENT FROM AUGUST 2019 TO DECEMBER 2019. THE REGISTRY WAS PAID $113,410 FOR HIS SERVICES TO THE COLLEGE. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN PERPETUAL TRUST - -263,285.